Newag Balance Sheet

Financials in millions PLN. Fiscal year is January - December.

Millions PLN. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Cash & Equivalents	383.77	576.61	267.31	483.58	45.83	127.67
Cash & Short-Term Investments	383.77	576.61	267.31	483.58	45.83	127.67
Cash Growth	54.23%	115.71%	-44.72%	955.21%	-64.10%	34.35%
Accounts Receivable	271.8	186.74	253.96	167.8	332.21	222.16
Other Receivables	0.65	28.56	13.48	21.41	9.54	62.38
Receivables	272.45	215.29	267.44	189.21	341.81	284.67
Inventory	858.5	720.36	611.55	492.91	534.62	480.59
Prepaid Expenses	-	0.59	0.36	0.22	0.22	0.3
Other Current Assets	-	35.66	29.39	24.06	13.46	10.22
Total Current Assets	1,515	1,549	1,176	1,190	935.94	903.44
Property, Plant & Equipment	481.79	449.11	450.2	431.5	442.08	455.12
Goodwill	16.98	16.98	16.98	16.98	16.98	18.73
Other Intangible Assets	15.41	1.22	1.69	1.91	2.16	3.06
Long-Term Deferred Tax Assets	21.5	18.46	15.52	15.87	15.7	8.99
Long-Term Deferred Charges	-	15.47	19.69	2.81	5.32	7.68
Other Long-Term Assets	53.48	55.41	53.21	71.97	3.22	4.52
Total Assets	2,104	2,105	1,733	1,731	1,421	1,402
Accounts Payable	630.64	232.81	205.03	170	97.5	151.2
Accrued Expenses	20.79	94.71	54.07	59.06	61.92	42.32
Short-Term Debt	39.79	35.73	35.95	107.05	290.8	282.54
Current Portion of Leases	6.42	7	25	13.31	13.09	29.26
Current Income Taxes Payable	10.88	60.15	21.37	9.59	1.04	0.06
Current Unearned Revenue	-	354.31	328.02	400.21	66.22	19.52
Other Current Liabilities	50.69	58.29	55.68	28.43	48.44	32.63
Total Current Liabilities	759.19	843.01	725.11	787.65	579.01	557.53
Long-Term Debt	5.49	5.63	6.19	2.91	-	7.95
Long-Term Leases	85.24	68.9	72.67	91.88	103.58	104.2
Long-Term Unearned Revenue	-	2.85	18.31	20.19	21.11	25.47
Pension & Post-Retirement Benefits	10.14	10.14	9.7	9.74	7.57	8.03
Other Long-Term Liabilities	38.65	27.53	20.25	16.35	0.94	1.02
Total Liabilities	898.71	958.05	852.23	928.71	712.2	704.2
Common Stock	11.25	11.25	11.25	11.25	11.25	11.25
Retained Earnings	978.49	920.58	665.87	703.09	609.71	596.93
Comprehensive Income & Other	213.92	213.92	203.28	87.85	88.01	88.92
Total Common Equity	1,204	1,146	880.39	802.2	708.97	697.1
Minority Interest	1.51	1.35	0.71	0.12	0.22	0.24
Shareholders' Equity	1,205	1,147	881.1	802.32	709.19	697.34
Total Liabilities & Equity	2,104	2,105	1,733	1,731	1,421	1,402
Total Debt	136.93	117.26	139.81	215.15	407.47	423.96
Net Cash (Debt)	246.84	459.36	127.5	268.43	-361.64	-296.29
Net Cash Growth	413.77%	260.29%	-52.50%	-	-	-
Net Cash Per Share	5.48	10.21	2.83	5.97	-8.04	-6.58
Filing Date Shares Outstanding	44.89	45	45	45	45	45
Total Common Shares Outstanding	44.89	45	45	45	45	45
Working Capital	755.52	705.5	450.94	402.34	356.93	345.91
Book Value Per Share	26.81	25.46	19.56	17.83	15.75	15.49
Tangible Book Value	1,171	1,128	861.73	783.31	689.83	675.32
Tangible Book Value Per Share	26.09	25.06	19.15	17.41	15.33	15.01
Land	-	0.18	0.18	0.18	0.18	0.18
Buildings	-	430.02	430.02	428.27	430.95	401.59
Machinery	-	340.55	266.5	233.33	213.24	214.97
Construction In Progress	-	12.08	5.71	-	11.35	7.36